5 hours agoAmerican Chamber of Commerce: Most US companies in China, optimistic
Periskopi(6 years ago)
(6 years ago)American businesses in China are more optimistic about their prospects in the world's second largest economy, according to a survey by the American Chamber of Commerce in Shanghai released Friday. Of the 124 executives of companies surveyed from November 11th to November 15th, more than half (54.8 percent) said [...]
American businesses in China are more optimistic about their prospects in the world's second largest economy, according to a survey by the American Chamber of Commerce in Shanghai released Friday.
Of the 124 management of companies surveyed from November 11th to November 15th, more than half (54.8 percent) said they are “more optimistic” and 8.1 percent “much more optimistic” for a change in US approach to China.
Only two expressed more pessimistic about doing business in China.
Most respondents look to the future positively, said Ker Gibbs, president of the American Chamber of Commerce in Shanghai in an interview for CNBC. He thinks the administration of Joe Biden will play a positive role in environmental stability and relations between the two countries.
Tensions between the US and China escalated during the Trump administration. President Trump started a trade struggle with China, facing responses, which led both countries to set fees for each other's multibillion-dollar goods. The trade conflict then expanded into confrontations in the fields of technology and finance.
